Word: paines
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...world's dryest inhabited continent has been in the grip of the worst drought in its recorded history. In Melbourne, you're no longer allowed to fill your swimming pool, and in bone-dry Brisbane, residents aren't allowed any external water use without a permit. But the real pain has been borne in the Murray-Darling River Basin in southern Australia, the heart of the country's $30 billion agricultural economy. Even in good times, Murray-Darling receives as little as 10 in. of rain a year, but 70% of the country's irrigation resources flow to the basin...
...work hard and play by the rules." Nowadays, I suspect that a lot of us, who try to do exactly that, believe we're being played for suckers. We work hard, play by the rules - and get stuck with the bill. And as this recession deepens - and the economic pain spreads far and wide - that perception is dangerous. I'm just a guy who lives in Shanghai, but from a recent, relatively long visit to the U.S., I think a potentially poisonous populism - a very, very angry populism - lurks just beneath the surface these days. I'm astonished, in fact...
When the rich suffer, so do the poor. Or so goes the trickle-down theory. It turns out, though, that the spreading of global financial pain is far from simple. The microfinance industry, for instance, may be resistant to some of the volatility now plaguing financial markets. That's because those who borrow in small amounts from micro lenders often work on projects unaffected by large-scale global banking travails. Recent studies have confirmed the robust reliability of borrowers at the bottom end of the global income scale. The world's poorest are affected, though, by commodity price volatility...
Northeastern isn’t building a new dorm after all. MIT is slashing 10 to 15 percent of its spending. At Harvard, President Drew G. Faust wrote a letter.Her gist was simple: Harvard is not immune. Thanks to economic reality, colleges across the country have had to make painful financial decisions, and the world’s richest university has a proportional amount to lose. Yesterday, the administration announced a 22-percent decline in Harvard’s $36.9 billion endowment over the last four months—the sharpest drop in history. Worse yet, Faust predicted continued gloom...
...Independent French terrorism expert Roland Jacquard is a little more skeptical of the report, however, at least as far as it claimed some of the fighters had used narcotics to numb themselves to pain as death approached. Though he understands the strategic logic of assailants using stimulants to overcome fatigue as their attack wears on - conventional armies, including the U.S. military, have used stimulants to counter combat fatigue - he does not believe the stern Salafist prohibition of soporifics would be ignored as the end loomed...